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976 LAWS OF MARYLAND. [CH. 347
proved in the resolution of the Board of County Commission-
ers adopted May 31, 1927, which set forth a schedule of road
construction; and
WHEREAS, The Board of County Commissioners have, on
the written assurance of the duly elected members from Mont-
gomery County in the Maryland General Assembly author-
ized the State Roads Commission of Maryland to award these
contracts for the construction of State Roads in Montgomery
County and the contracts for a number of which roads have
been awarded but the construction thereof is not yet com-
pleted; and
WHEREAS, The Board of County Commissioners has also
for the same reason and purpose borrowed on the faith and
credit of Montgomery County additional money which they
have advanced to the State Roads Commission of Maryland
to pay for roads or portions of roads already constructed in
Montgomery County in excess of the proceeds of bond issues
authorized by the 1927 Session of the Maryland General As-
sembly or of Montgomery County's allotment of post and
lateral road construction appropriations; and
WHEREAS, It is the purpose of the General Assembly of
Maryland to permanently finance or refund to the Treasury
of Montgomery County as the case may be, the herein de-
scribed advances from the Board of County Commissioners
of Montgomery County to the State Roads Commission of
Maryland, and the completion of the awarded and unfinished
contracts for the construction of roads in Montgomery Coun-
ty by the State Roads Commission of Maryland; now there-
fore:
SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Board of County Commissioners of Mont-
gomery County, be and they are hereby authorized, directed and
empowered to issue serial coupon bonds on the faith and credit
of said County, to the amount of six hundred ninety-seven thou-
sand ($697, 000) dollars par value, said bonds to be issued in
denominations of one hundred dollars ($100. 00) or any multi-
ple thereof, to bear interest at a rate not exceeding five per
centum (5%) per annum, payable semi-annually in each year
during which said bonds shall be outstanding and remain un-
paid, to be signed by the President of the Board of County
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